Upbeat physical demand buoys Mentha Oil
24/08/2016 12:58
Mentha oil futures rose during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the agri-commodity amid firm physical demand for Mentha Oil from major consuming industries in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major Mentha Oil producing regions also exerted upward pressure on domestic prices.
At the MCX, mentha oil futures for August 2016 contract were trading at Rs 904.50 per kg, up by 0.13 per cent after opening at Rs 903, against the previous closing price of Rs 903.30. It touched the intra-day high of Rs 907.50 (at 12:56 PM).
24/08/2016 12:58
Further, restricted supplies amid lower physical arrivals from the major Mentha Oil producing regions also exerted upward pressure on domestic prices.
At the MCX, mentha oil futures for August 2016 contract were trading at Rs 904.50 per kg, up by 0.13 per cent after opening at Rs 903, against the previous closing price of Rs 903.30. It touched the intra-day high of Rs 907.50 (at 12:56 PM).
